| Abstract: | In November 2014, the offshore RMB market performed stably. The offshore RMB liquidity pool shrank slightly; CNH Hibor overnight went down remarkably, and the overnight and 1W onshore-offshore interest rate spreads remained reversed; the offshore RMB bonds issued 31.31 billion yuan, significantly larger than that in October; the deliverable spot USD/CNH exchange rate in Hong Kong went up with fluctuations, the onshore and offshore USD/CNH forward rates went up slightly, and the spread between Hong Kong and onshore deliverable forward rates dropped slightly; the trading of RMB futures in HKEx increased slightly, and the daily trading volume of RMB futures in CME increased significantly. |
